MADRID, 7 Sep. (EUROPA PRESS) –
This Thursday, the Public Treasury placed 6,927.2 million euros in a medium and long-term debt auction, in the expected medium-high range, and did so by remunerating investors with higher interests, going so far as to offer for the 30-year obligations almost 4.2%, according to data published by the Bank of Spain.
Investors continue to show interest in Spanish debt securities, since the combined demand for all references (12,594.24 million euros) has almost doubled what was finally awarded in the markets.
Specifically, the Treasury has offered investors in this second September issue 10- and 30-year bonds, other obligations with a residual life of three years and two months, and others indexed to inflation that mature in 2030 with a residual life. seven years and three months.
Regarding State obligations indexed to inflation with a residual life of seven years and three months, the organization has placed 482.65 million and has achieved a demand of 927.65 million, while the marginal interest has been located at 1.035%, higher than the previous 0.886%.
In 10-year State obligations, the Treasury has raised 2,598 million, compared to a demand of 4,488.02 million, and the profitability has stood at 3.668%, higher than the previous 3.613%.
In 30-year State obligations, the Treasury raised 1,902.35 million, compared to a request of 3,710.35 million euros, with a marginal interest of 4.193%, higher than the 3.985% of the last auction.
Finally, the Treasury has placed 1,944.2 million euros in State obligations with a residual life of three years and two months, above the 3,468.22 million requested, with a marginal interest of 3.315%.
Last Tuesday the Public Treasury placed 4,940.97 million euros in short-term debt in the first auction in September, offering higher yields for 6-month bills, but cutting interest on 12-month bills.
The maintenance of the high interest rates offered, in line with the latest increases in interest rates by the ECB, has maintained the markets’ investor appetite for Spanish securities, especially for short-term debt.
These first September issues will be followed by another on the 12th, with three- and nine-month bills, and another on the 21st, with State bonds and obligations.
The gross issuance by the Public Treasury will be 256,930 million euros this year, which represents an increase of 8.2% compared to what is estimated for 2022, due to the rise in interest rates.
For its part, the net debt of the Public Treasury in 2023 will remain at 70,000 million. Breaking down by type of instrument, it is expected that the Treasury Bills will provide negative net financing of 5,000 million, so the State bonds and obligations, along with the rest of the debts in euros and in foreign currencies, will contribute the remaining 75,000 million.
